After a lull in Q2, Canadian investors again resumed plowing money into equity mutual funds during Q3. Balanced funds too saw heavy inflows, though as expected, money continued to rotate out of bond funds, according to analysts John Reucassel and Jennifer Kao of BMO Capital Markets in their Quarterly Fund Flow Review for Q3 of 2013 of the Canadian mutual fund industry.
Equity markets a magnet for funds
Robust equity markets helped garner solid inflows in Q3 of $1.1B into equity funds at the cost of bond funds, which saw net redemptions of $2.2B. Balanced funds clocked net sales of $4.5B.
The inflows...
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